NAS100USD ( BELOW TURNING LEVEL ) ( 4H )

Jul 9, 2024

NAS100USD

HELLO TRADERS

• Tendency the price trade below resistance trendline , indicates the price is under bearish pressure
  
  
• TURNING LEVEL : there is a blue line around 20,557 , indicates if the price trade below this level reach a support level , but if the breaking turning level reach a resistance level
  
  
• NEW RESISTANCE LEVEL: there is a green line around 20,742 , indicates if the price breaking turning level create a new resistance level
  
  
• SUPPORT LEVEL : there is a red line around 20,245 , indicates buying have already increase this level , and in this level create a demand zone
  
  
• PRICE MOVEMNET : the price stabilizing below turning level around 20,557, in my opinion until the price trade below turning level , reach a support level at 20,245 , then breaking this level reach a next target at 20,083 , if the price breaking turning level create a new resistance level at 20,742
  

TARGET LEVEL :

• RESISTANCE LEVEL :20,742 , 20,871
  
• SUPPORT LEVEL : 20,245 ,20,083
  

Jul 9, 2024

Trade active

still continues a bearish , to reach a support level

Jul 10, 2024

Trade active

still the price trading below turning level reach a support level , if the breaking turning level created a new resistance level